Finance

Ukraine pushes EU membership bid as Cyprus takes bloc's presidency

Published by Global Banking & Finance Review

Posted on January 7, 2026

3 min read

· Last updated: January 20, 2026

Add as preferred source on Google
Ukraine pushes EU membership bid as Cyprus takes bloc's presidency
Global Banking & Finance Awards 2026 — Call for Entries

NICOSIA, Jan 7 - Cyprus assumed the rotating presidency of the European Union on Wednesday, marking the start of its six-month term with a meeting in Nicosia attended by Ukrainian President Volodymyr

Ukraine Seeks EU Membership Progress as Cyprus Leads EU

By Michele Kambas

NICOSIA, Jan 7 - Ukrainian President Volodymyr Zelenskiy sought progress on EU membership talks and tougher sanctions on Russia, making his case on Wednesday as Cyprus took over the European Union's rotating presidency.

Zelenskiy met Cypriot President Nikos Christodoulides in Nicosia as Cyprus formally assumed the presidency, which runs for six months.

“We are working to make as much progress as possible during this period on opening negotiating clusters and on Ukraine’s accession to the European Union,” Zelenskiy said after the meeting, in a statement posted on X.

Ukraine applied to join the EU days after Russia launched its full-scale invasion in February 2022, seeking to anchor itself politically and economically to the West. It has been pushing to make progress on its bid, despite the challenges of the war and opposition from EU member Hungary to a fast-track for Kyiv.

“The President and I talked about strengthening sanctions against Russia, which must remain in place as long as Russia’s aggression and occupation continue," Zelenskiy said.

The two leaders also discussed reinforcing Ukraine's air defence and the production and supply of drones. "We hope that support for Ukraine will remain strong," he said.

Zelenskiy was due to hold talks later with European Commission chief Ursula von der Leyen and European Council President Antonio Costa.

Wednesday's meetings, he said, would provide an opportunity to discuss details of a meeting in Paris on Tuesday, where the United States backed a broad coalition of Ukraine's allies in promising to provide security guarantees in the event of a ceasefire to support the country if Russia attacks again. 

Cyprus, which traditionally had close political and cultural ties with Russia, has fully backed sanctions on Moscow. Many on the island draw parallels between Russia's invasion of Ukraine and Turkey's invasion of north Cyprus in 1974 after a brief coup engineered by the military then ruling Greece.

"Cyprus reaffirms its steadfast commitment to Ukraine's sovereignty and territorial integrity. As a country that still lives with the consequences of illegal invasion and ongoing military occupation, we fully understand what is at stake," Christodoulides wrote in a post on X after meeting Zelenskiy.

"Ukraine will be a central priority of our Presidency, and will work to ensure sustained support at all levels," he said.

A ceremony later in Nicosia marking the start of its six-month term will include Middle Eastern leaders, including Lebanese President Joseph Aoun, highlighting the ambition of the eastern Mediterranean island to serve as a bridge between Europe and the region.

(Writing by Michele KambasEditing by Hugh Lawson, William Maclean and Frances Kerry)

Key Takeaways

  • Ukraine is pushing for EU membership during Cyprus's EU presidency.
  • Zelenskiy seeks tougher sanctions on Russia.
  • Cyprus supports Ukraine's sovereignty and territorial integrity.
  • Ukraine aims to strengthen air defense and drone production.
  • Cyprus draws parallels between Ukraine and its own history.

Frequently Asked Questions

What is the role of the European Commission?
The European Commission is the executive branch of the EU responsible for proposing legislation, implementing decisions, and managing the day-to-day operations of the EU.
What is the significance of Cyprus holding the EU presidency?
Holding the EU presidency allows Cyprus to set the agenda for EU meetings, influence policy discussions, and represent the EU in international affairs for a six-month term.
What is the purpose of the EU presidency?
The EU presidency rotates among member states to ensure that all countries have an opportunity to lead discussions and shape policies within the EU.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category